Arrest warrant sought for former STX chief
Seoul - Yonhap
State prosecutors sought an arrest warrant Tuesday for the former head of the financially troubled shipping and shipbuilding conglomerate STX Group over alleged embezzlement and business malpractice. Kang Duk-soo, who headed the group between 2003 and February 2014, is accused of funneling the funds of STX Heavy Industries Co., a troubled shipbuilder unit, to illegally support other ailing affiliates and misappropriating company money to bribe politicians, prosecutors said.
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